Economy stonks v25, return of the fedi

kahiljabroni said:
Bought more calls today...im a glutton for punishment
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To me it seems megacaps are next to crater (maybe) and its evident they are being attacked now.. where as smaller, med caps have already been hammered so there isn't much meat left there. The entire market has been full blown bear (bar commodities). Energy and Utilities have been the gainers and survivors so far. The companies being attacked now are quality companies and investors that tend to hold these behemoth companies are not paperhands but if they sell of further we are going down bigly. I'm hanging onto SQQQ for now and will load up on puts on the big boys if they start running based on next earnings will not be so great!!
 
Gas121 said:
We'll see. Seems the media are really out to get him and its starting to get old tbh. Musk needs to stay out of politics and keep it zipped. I think many are envious of Musk and his success, he is a visionary with insane work ethic I'll give him that.. The fact Tesla was removed from the SP ESG index and big oil, gas companies have been added is a farce and mind blowing. I mean I'm bearish asf on the stock but the amount of disinformation on Tesla is outrageous and cringe worthy.
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Its kinda funny that Tesla could stay so over valued for so long. They can split ten times and run it back to 1000. They can maintain 80+ pe when every other growth company was getting slaughtered. Fundamentals be damned.

Then he challenged the left and their propaganda machine and the stock tumbles. Gotta love it
 
Gas121 said:
To me it seems megacaps are next to crater (maybe) and its evident they are being attacked now.. where as smaller, med caps have already been hammered so there isn't much meat left there. The entire market has been full blown bear (bar commodities). Energy and Utilities have been the gainers and survivors so far. The companies being attacked now are quality companies and investors that tend to hold these behemoth companies are not paperhands but if they sell of further we are going down bigly. I'm hanging onto SQQQ for now and will load up on puts on the big boys if they start running based on next earnings will not be so great!!
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I'm still long term bearish on this market but I just think its so incredibly oversold that a rally is imminent. I think there is so much short interest and puts that its mind boggling and if we started a short covering rally this thing could go parabolic. Like last time 2 months ago or even stronger.

I do think you're right that whats left of the megas are next to get fked up. Go look at the 5 year chart of all the Faang, and other big tech. Aapl, goog, Microsoft, tsla and a hand full of others are the only stocks hanging onto some covid gains. Amazon, Facebook, Netflix, pypl, Square etc have all come down the other side to precovid levels. The interesting part is fb, nflx, square keep rallying hard on green days while aapl and goog are barely up or red.

Maybe its the case that so few have shorted aapl and goog so there's little covering to be down. Maybe people see fb as a value play and goog overvalued. Idk...it'll be interesting if we do rally if aapl goog and tsla continue to lag.

I've made my bed with all these calls. They don't expire for a long time to so if we rally hard I get my losses back and then some. I like the sqqq play but it can turn on u quick. This week actually looks like we carved out a bottom from a technical standpoint
 
kahiljabroni said:
Its kinda funny that Tesla could stay so over valued for so long. They can split ten times and run it back to 1000. They can maintain 80+ pe when every other growth company was getting slaughtered. Fundamentals be damned.

Then he challenged the left and their propaganda machine and the stock tumbles. Gotta love it
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nah, tsla was getting rekt once he mentioned buying twitter.

i don't think any of the politics really affected tsla... at least, yet.
 
rob mafia said:
nah, tsla was getting rekt once he mentioned buying twitter.

i don't think any of the politics really affected tsla... at least, yet.
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I agree that started it but then he announced it was on hold and there was a rebound. Then he kept talking...about democrats, red pills, and voting republican. And the biggest sin of all....supporting the orange man's right to be on social media. Since then its been a laggard where it used to be a leader.

We'll see how it behaves if we rally
 
80% cash and 20% Various ETFs right now.
Want to get back into AXP but it's been resilient this whole down turn. Only down 6% YTD.
Archer Daniel Midland is up 24% YTD and kinda regret selling this one, now thinking of buying back in.
 
kahiljabroni said:
I agree that started it but then he announced it was on hold and there was a rebound. Then he kept talking...about democrats, red pills, and voting republican. And the biggest sin of all....supporting the orange man's right to be on social media. Since then its been a laggard where it used to be a leader.

We'll see how it behaves if we rally
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yeah, and tsla only really went down with aapl and the market. if you check them both from april 4th (actually, well before this, but apr 4 was their recent peak), it's pretty similar. now i'm not even sure the twitter bs affected tsla much.
 
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rob mafia said:
yeah, and tsla only really went down with aapl and the market. if you check them both from april 4th (actually, well before this, but apr 4 was their recent peak), it's pretty similar. now i'm not even sure the twitter bs affected tsla much.
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Obviously the entire market has been trash but tsla fell 12% the day after his offer to buy twitter.
 
Literally the day after I buy tsla calls this Musk story comes out. Lmfao at my luck


My calls are fked. I'm convinced of that. I'm gonna take it further and call this point as tslas downfall.

Tsla is unique in that Elon IS the brand. Tsla=elon and elon = tsla. Who buys tsla cars? Mostly high earning liberals....most looking to virtue signal.

In one week, elon just came out as a Trump supportering republican and was accused of sexual misconduct. I can already see analysts calculating the damage this will do to the brand and they will price that in very quickly.

What white liberal is going to want to support a company (guy) with their dollars now? When they brag at parties about their Tesla and how they are saving the planet some Karen is gonna pop off with "yeh but he's a rapist and he supports trump". Every other lib at that party is never going to buy a tsla to avoid that very occurrence.
 
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Tsla gonna drag the entire market down with it. 2.2% up now its barely green and the vix is climbing. Motherfucker!
 
kahiljabroni said:
Literally the day after I buy tsla calls this Musk story comes out. Lmfao at my luck


My calls are fked. I'm convinced of that. I'm gonna take it further and call this point as tslas downfall.

Tsla is unique in that Elon IS the brand. Tsla=elon and elon = tsla. Who buys tsla cars? Mostly high earning liberals....most looking to virtue signal.

In one week, elon just came out as a Trump supportering republican and was accused of sexual misconduct. I can already see analysts calculating the damage this will do to the brand and they will price that in very quickly.

What white liberal is going to want to support a company (guy) with their dollars now? When they brag at parties about their Tesla and how they are saving the planet some Karen is gonna pop off with "yeh but he's a rapist and he supports trump". Every other lib at that party is never going to buy a tsla to avoid that very occurrence.
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lol the people buying Teslas are smarmy bros and normies who eat at cheesecake factory and click on social media ads.
 
Set a limit on tsla call pre Market and closed for 600$ profit. Flipped to puts...so far so good.

This was about to be a massive rally day but its extremely fragile. That can't happen if tsla goes down the shitter. That leftist hit piece fked our rally boys
 
brackis1 said:
lol the people buying Teslas are smarmy bros and normies who eat at cheesecake factory and click on social media ads.
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Left leaning normies. I've heard countless 45 year old libs who dress like they're 25 bragging on the train about their tsla. Tsla represents green transportation. Their customers are left wing...and tsla is now right wing.
 
kahiljabroni said:
Left leaning normies. I've heard countless 45 year old libs who dress like they're 25 bragging on the train about their tsla. Tsla represents green transportation. Their customers are left wing...and tsla is now right wing.
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Bragging about a Tesla makes them left wing?

The people I know who love/own Teslas are right of center libertarians and/or their wives.
 
brackis1 said:
Bragging about a Tesla makes them left wing?

The people I know who love/own Teslas are right of center libertarians and/or their wives.
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No I know they are liberals.
brackis1 said:
Bragging about a Tesla makes them left wing?

The people I know who love/own Teslas are right of center libertarians and/or their wives.
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No I know they're libs from separate interactions....same commuters for years.

Bros are a segment. So are older libs.
 
Dodged a bullet today, had sold a put yesterday a few weeks out on Tesla and closed it around market open for a small profit and just picked up a Tesla 2023 call.

I was surprised I was able to get out of the put with a profit with the news that came out yesterday.
 
Nasdaq and S&P basically 52 week lows again.

2022 is shaping up as an all timer.
 
kahiljabroni said:
Set a limit on tsla call pre Market and closed for 600$ profit. Flipped to puts...so far so good.

This was about to be a massive rally day but its extremely fragile. That can't happen if tsla goes down the shitter. That leftist hit piece fked our rally boys
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Good call
 
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